"As Russia pushes to find new buyers for its oil to skirt ever tougher Western sanctions, it is cutting into the market share of two of its allies Iran and Venezuela and setting off a price war that could hurt them all."

>"How much people pay for gas is the result of trading on a sprawling international market. Like many other facets of the global economy, it comes down to a matter _...Read More_

>"The Biden White House is confronting a form of shareholder capitalism that has no place for modest profits or rallying around _...Read More_

“Events in Ukraine and Russia will, in particular, impose serious costs on the world economy. The question is, how serious?”

"Gasoline prices surged to the highest level since 2008 on Sunday, as crude oil supply fears stemming from Russia’s _...Read More_

>l"The Russian invasion of Ukraine strains the long-held idea that shared interests around business and commerce can deflect military conflict."

"How does Biden's recent pledge to “work like the devil” to bring gas prices down sit with actions like scrapping oil pipelines? Economics provides the answer."

"Since paying the price for annexing Crimea in 2014, Russia has tried to make its economy sanctions-proof, hoarding currency to insulate the country."

>"Europe’s largest energy company said it would use some of the earnings to buy back more shares and increase its dividend."

"Sanctions, like aiming to cut oil exports, could also hurt European allies. “It’s a limited toolbox,” one expert said."

"Oil and natural gas prices have roughly doubled over the last year, and gas at U.S. pumps is up by about 50% on average."

An Iranian oil tanker last year at a refinery in Venezuela. American sanctions have plunged Iran’s economy into a recession, but they have not stopped Iran from exporting its oil.

>"The operator, Colonial Pipeline, said it had halted systems for its 5,500 miles of pipeline after being hit by a ransomware attack."

>"Students and recent graduates struggle to get hired as the oil industry cuts tens of thousands of jobs, some of which may never come back."

>"Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight _...Read More_